Written in ECONOMY he
In a comparison made by the National Commission for the Protection and Defense of Users of Financial Services (Condusef) The worst banks to have a credit card were revealedand it is that there were several reasons that the agency listed on the issue of transparency in information.
What are the bad aspects of a credit card according to the Condusef?
Among the characteristics evaluated by the Condusef is the non-compliance with the express consent of the user, in addition to the fact that the amount and periodicity of the commissions charged to clients are not usually tied to those established in the Bank of Mexico.
Also, on the covers of the so-called worst credit cards the risks applied to the product are not indicatedso it usually does not have a concept (amount and periodicity of the commissions).
Another point against comes in the account statement, and it is that the total number of monthly payments acquired from promotions taken in installments is not indicated, nor is the corresponding payment number indicated for said promotionssince the description of the position or the payment is not established.
One more inconsistency comes from the information obtained on the website, this does not seem to coincide with that included in the contract at the time of contracting. Also, the link “Check the Costs and Commissions of our products” does not show the date of calculation of the Total Annual Cost (CAT).
Which banks have the worst credit cards?
Among the 14 institutions evaluated by the Condusef, in a first round of evaluation four banks were ‘Failed’ (BBVA Mexico, SOFOM Inbursa, Banamex and Mifel)However, in a second evaluation, only Banamex and Mifel once again obtained the ‘Fail’ rating. The analysis of financial institutions that offer credit cards was carried out in 2022.
